Book description
Asia's miraculous recovery from the 1997 crisis ushered in unexpected transformations to its economies and financial sectors. The reasons many Asian countries are growing above 6%, with double-digit growth for a year or two in-between, are investigated by this extensive research collection. The Handbook of Asian Finance covers the most interesting issues raised by these growth rates. From real estate prices and the effects of trading technologies for practitioners to tax evasion, market manipulation, and corporate governance issues, expert scholars analyze the ways that the region is performing. Offering broader and deeper coverage than other handbooks, the Handbook of Asian Finance explains what is going on in Asia today.- Devotes significant attention to the systematic risk created by banks’ exposure to links between real estate and other sectors
- Explores the implications implicit in the expansion of sovereign funds and the growth of the hedge fund and real estate fund management industries
- Investigates the innovations in technology that have ushered in faster capital flow and larger trading volumes
Table of contents
- Cover image
- Title page
- Copyright
- Editor Bios
- Contributor Bios
- Acknowledgments
- Introductory Chapter. Asia Finance: The Emergence of Asia Economy and New Development in Finance
-
Part 1: Banking
- Chapter 1. Risk Rating in Asian Banks
- Chapter 2. Private Wealth Management in Asia
- Chapter 3. The Banking Networks of Asian Financial Centers
- Chapter 4. Dynamics of House Prices and Bank Lending in Korea
- Chapter 5. The Effect of Bank Mergers on Shareholder Value and Performance in Japan
- Chapter 6. A Regime-Switching Analysis of Asian Bank Stocks
- Chapter 7. Embedded Predictor Selection for Default Risk Calculation: A Southeast Asian Industry Study
- Chapter 8. Demand for International Reserve and Monetary Disequilibrium: Evidence from Emerging Asia
-
Part 2: Market Developments and Governance Issues
- Chapter 9. Singapore’s Financial Market: Challenges and Future Prospects
- Chapter 10. Wealth Management: A Comparison of Switzerland, Singapore, and Hong Kong
- Chapter 11. Asian Market Reactions to US Macroeconomic News Surprises
- Chapter 12. Monetary Policy in Taiwan: The Implications of Liquidity
- Chapter 13. Comparative Financial Development in Asia-Pacific Since the Asia Crisis
- Chapter 14. Does Asia Really have Poorer Governance? Evidence from International Variations in Self-Dealing Transparency
- Chapter 15. Attitudes Toward Tax Evasion in Korea: A Study in Public Finance
- Chapter 16. Attitudes Toward Accepting a Bribe: A Comparative Study of the People’s Republic of China, Taiwan, and Hong Kong
-
Part 3: Sovereign Wealth Funds
-
Chapter 17. The Emergence of Sovereign Wealth Funds in Asia
- Abstract
- 17.1 Introduction
- 17.2 Stylized Facts about Developing Asia’s Foreign Exchange Reserves
- 17.3 Informal Examination of the Adequacy of Developing Asia’s Foreign Exchange Reserves
- 17.4 Sovereign Wealth Funds as a Blueprint for Investing Developing Asia’s Excess Reserves
- 17.5 Policy Prescriptions for Developing Asia’s SWFs
- 17.6 Conclusion
- References
-
Chapter 18. China Investment Corporation: China’s Sovereign Wealth Fund
- Abstract
- 18.1 Introduction
- 18.2 Overview and Organizational Structure
- 18.3 Investment Strategy
- 18.4 Current Problems
- 18.4.2 Internal Conflict Between CIC International and Central Huijin
- 18.4.3 Unsatisfactory Performance of CIC Investments
- 18.4.4 The Problematic Financing Mechanism of CIC International
- 18.5 Policy Recommendations
- 18.6 Conclusion
- References
- Chapter 19. Portfolio Allocation Dynamics of China Investment Corporation in the Aftermath of the Global Financial Crisis of 2007–2009
- Chapter 20. Sovereign Wealth Funds in East Asia: An Update of their Recent Developments
-
Chapter 17. The Emergence of Sovereign Wealth Funds in Asia
- Index
Product information
- Title: Handbook of Asian Finance
- Author(s):
- Release date: May 2014
- Publisher(s): Academic Press
- ISBN: 9780128011010
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